It’s fully operating and accepting transactions, but the caveat is the process is not yet automated. You fill out a form about your transaction and the company handles it on the backend.

Hill tells me the company is “working hard to develop” its software, but it’s not quite ready yet. I suspect the reason for going live this week is the timing of next week’s NamesCon conference.

EscrowHill will offer basic escrow in which it just holds the funds, as well as a premium service where it also takes control of the domain name (similar to how Sedo manages transactions). It will also handle financed transactions and domain lease deals.

The company says it’s licensed in New Zealand, and that this “license involves government oversight, independent audits and employee background checks very similar to the state of California.”

Both Escrow.com and Agreed.com are licensed by the state of California.